Bike Nerds To Create a Low Cost Bike Sharing System For New York

A group of charming fellows have created something they’re calling “Social Bicycles,” a bike-sharing system that allows you to drop bikes off almost anywhere there is a bike rack, locate them, and access them with an iPhone app. And it’s all outside of the confines of traditional urban bike-sharing systems.

The most important part is that you don’t need traditional infrastructure. Normal docking stations like the ones found in Europe and other more enlightened places require stations every 300 meters or so. SoBi just needs a bike rack. It’s also much cheaper. Said SoBi:

The average start-up cost for a conventional system is between $3,000 and $4,000 per bicycle. The SoBi lockbox can be produced and sold for around $500 and both the racks and bicycles can be sourced affordably and locally.

Now obviously you could run into the problem of someone hogging one particular bike but presumably SoBi users would be a bit more magnanimous than that. They’re trying to win the Pepsi Challenge or something to get $50,000 in seed money so the least you can do is vote for them.

A very limited beta should be launching in New York this fall and it will be a fascinating exploration of sharing in a city that usually considers stealing your girlie like it stole your bike the epitome of cooperation.